Oil
Russia launches massive attack on Kyiv, killing at least 10 in retaliation for Ukrainian strikes
Tymur Tkachenko, the head of the capital's military administration, said 56 people, including two children, were injured and three dozen locations across the city had been damaged in the attacks.
Iran sold 50 million barrels of oil since the lifting of the American blockade
Rig explosion in Venezuela leaves at least 17 workers wounded, evacuated to Colombia
IRGC dismisses claim 20 m. barrels of oil used to promote, fund war effort
Darkness at noon: Iran's control of the Strait of Hormuz is more devastating than nukes - opinion
Does Washington not realize that Tehran is already holding the world hostage? Hegemony over Hormuz is the bomb – a weapon far more immediate and devastating than any nuclear arsenal.
World Bank warns of 16% rise in commodity pricing over Hormuz closure
World Bank forecasts a 24% rise in energy prices in 2026, driven by the Iran conflict and the continued closure of the Strait of Hormuz, affecting global markets.
Behind Tehran’s calm, Iran faces deepening economic collapse
While the streets are full of people, their pockets are empty. The Iranian rial has become a liability that citizens are desperate to offload.
UAE exit weakens OPEC+ power over oil market but group to stay together, sources say - analysis
The exit would complicate OPEC+'s efforts to balance the market through supply adjustments because the group would have control over less of the global production.
UAE taking advantage of long-term global energy needs by leaving OPEC - analysis
“At a pivotal moment in the process of supporting the stability of global energy markets, the UAE adopted a long-term strategic and economic vision,” one report says.
Iran uses improvised oil storage to avoid damage to oil facilities amid blockade - report
This situation stems from the fact that the Iranian extraction and refining systems can't be shut down, with Kharg Island's infrastructure at risk of failure if the oil flow is cut.
UAE leaves OPEC and OPEC+ in major blow to global oil producers' group
UAE Energy Minister Suhail Mohamed al-Mazrouei told Reuters the decision was made after a careful look at the regional power's energy strategies.
Iran war begins to hit China’s economy as costs surge
The war in Iran is weighing on China’s economy, with car sales plunging, toy factories shutting down, and thousands of workers taking to the streets following a surge in plastic and energy prices.
Nations to discuss fossil fuel exit as Strait of Hormuz blockade drives up prices
The gathering of ministers and officials in Santa Marta, Colombia, which starts on Tuesday, will focus on practical steps to shift economies away from fossil fuels.
Russian superyacht crosses Strait of Hormuz as shipping traffic remains muted
The US Central Command has redirected 37 vessels since a blockade was imposed on Iran on April 13, the military said on April 25.
